Kitco
04 Jun 2026, 17:45 UTC · 2h ago
China's gold market is cooling, multiple metrics show
Kitco
04 Jun 2026, 17:45 UTC · 2h ago
Story key points
3 claims · impact-rated
Shanghai Gold Exchange withdrawals in May totaled only 63.5 tonnes, the lowest level since February 2020. — A drastic drop in physical demand from one of the world's largest gold markets removes a primary pillar of price support.
-0.70Fourteen Chinese gold ETFs recorded combined net outflows exceeding RMB 10 billion ($1.48 billion) over the past month ending June 3. — Significant institutional and retail capital flight from gold ETFs suggests a shift in investor sentiment away from the metal.
-0.60Hong Kong-listed Chinese gold equities, including Zijin Mining and Shandong Gold, experienced sharp price declines. — Equity sell-offs in mining companies often reflect lower expectations for gold prices or reduced operational optimism.
-0.40Ticker attribution
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China National Gold International Resources shares declined sharply due to cooling gold market demand.
Zhaojin Mining shares dropped nearly 3% amid market volatility.
Shandong Gold shares dropped nearly 3% as the gold market cools.
Chifeng Gold was listed among stocks that followed lower in the cooling market.
Zijin Mining shares fell 3.5% amid a broader decline in Chinese gold equities.
Lingbao Gold was listed among stocks that declined in Hong Kong and Chinese markets.
Zijin Gold International shares declined 2.4%.
[mutual] Both are listed Chinese gold equities competing in the same market sector.
[mutual] Both are listed Chinese gold equities competing in the same market sector.
[mutual] Both are listed Chinese gold equities competing in the same market sector.
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Reuters
12h ago
[mutual] Both are listed Chinese gold equities competing in the same market sector.
[mutual] Both are listed Chinese gold equities competing in the same market sector.
[mutual] Both are listed Chinese gold equities competing in the same market sector.
[mutual] Both are listed Chinese gold equities competing in the same market sector.
[mutual] Both are listed Chinese gold equities competing in the same market sector.
[mutual] Both are listed Chinese gold equities competing in the same market sector.
[mutual] Both are listed Chinese gold equities competing in the same market sector.
